PUBLISHER: SkyQuest | PRODUCT CODE: 1165281
PUBLISHER: SkyQuest | PRODUCT CODE: 1165281
Global 3D Camera Market size was valued at USD 8.89 billion in 2021, and it is expected to reach a value of USD 62.4 billion by 2028, at a CAGR of 32.1% over the forecast period (2022-2028).
The popularity of 3D cameras is linked to the product's expanding use in the entertainment sector and improvements in 3D technology. The entertainment industry's growing demand for 3D content and related technology is anticipated to further fuel demand.
Top-down and bottom-up approaches were used to estimate and validate the size of the GGlobal 3D Camera Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.
Segments covered in this report:
The global 3D camera market has been segmented based on technological insight, application, and region. Based on technological insight, the market is segmented into stereo vision, time of flight, and structured light. Based on the application, the market is segmented into a professional camera, smartphones and tablets, computers, and others. Based on region, the 3d camera market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
The application of 3D imaging is expanding in fields such as robotics, virtual reality, home automation, and video surveillance. Due to its simplicity and precision, creating 3D models of items and their surroundings has become more popular. Over the forecast period, the market's growth is anticipated to be boosted by the rising demand for 3D scanning. Global adoption of 3D cameras is anticipated to be fueled by expanding surveillance applications in the industrial, military, and home security sectors.
Restraint
The global 3D camera market will face hindrances in growth during the forecast period as the technology is novel and is at its early stages. The high camera production process creates challenges for players in the market as it appeals to a smaller market segment.
Market Trends
Increasing demand for 3D content in the gaming and entertainment industry, coupled with increasing penetration of 3D technology-enabled devices such as smartphones, tablets, and TVs, will create lucrative opportunities for players in the market. The rising popularity of 3D movies is directly driving the demand for professional cameras for shooting content in 3D. Big tech companies such as Google, Microsoft, and Apple are investing millions of dollars to increase hardware efficiency to identify objects' depth and distance. Accurate depth and distance recognition are essential in technologies such as augmented reality, robotics, and automated cars, widening the scope of application for 3D cameras.